RIGZONE WELL SERVICES LTD

RIGZONE WELL SERVICES LTD

RIGZONE WELL SERVICES LTD - Company Information

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Company Registration No. 08886646 (England and Wales)
RIGZONE WELL SERVICES LTD Unaudited accounts for the year ended 31 December 2022
RIGZONE WELL SERVICES LTD Unaudited accounts Contents
Page
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RIGZONE WELL SERVICES LTD Company Information for the year ended 31 December 2022
Director
LUCIAN TEMELCEA
Secretary
LUCIAN TEMELCEA
Company Number
08886646 (England and Wales)
Registered Office
11 Highfield House Queensway Hemel Hempstead ENGLAND HP2 5GZ United Kingdom
Accountants
ATHOS FOUTTIS & CO LTD Agias Fylaxeos & Zenonos Rossidi 2 Limassol Cyprus 3082
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RIGZONE WELL SERVICES LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
4
77,231 
62,341 
Cash at bank and in hand
25,227 
21,442 
102,458 
83,783 
Creditors: amounts falling due within one year
5
(77,651)
(78,605)
Net current assets
24,807 
5,178 
Total assets less current liabilities
24,807 
5,178 
Creditors: amounts falling due after more than one year
6
(94,085)
(83,297)
Net liabilities
(69,278)
(78,119)
Capital and reserves
Called up share capital
7
1,000 
1,000 
Profit and loss account
(70,278)
(79,119)
Shareholders' funds
(69,278)
(78,119)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 August 2023 and were signed on its behalf by
LUCIAN TEMELCEA Director Company Registration No. 08886646
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RIGZONE WELL SERVICES LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
RIGZONE WELL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 08886646. The registered office is 11 Highfield House, Queensway Hemel , Hempstead , ENGLAND, HP2 5GZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
77,031 
61,367 
Other debtors
200 
974 
77,231 
62,341 
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RIGZONE WELL SERVICES LTD Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
64,655 
68,409 
Other creditors
5,465 
- 
Accruals
7,531 
10,196 
77,651 
78,605 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
46,684 
50,000 
Other creditors
47,401 
33,297 
94,085 
83,297 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 6 (2021: 7).
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